Here are the numbers:
Active Properties for sale:  1667
Foreclosures:   717
Sold Last month in October:  305
Foreclosures or short sales:  135
Inventory:  5.46
Hot Property for the week:  251 E 17th Street, Seal Beach, CA

I regularly deal with a number of large asset management companies and lenders who need to sell off their real estate owned property, often referred to as REO property.  The word on the street is that most are expecting a 100% increase in the number of properties that are going to foreclosure in the next [...]

Wow, this was just one of those real estate transactions that you are happy it is over–everyone is happy is over, but the buyers got their dream house in the end.  While I was away on vacation, my realtor friend, Clay Wilson, helped the Huddlestons find a great deal in Anaheim.  They had been outbid on several foreclosure [...]

Huntington Beach
Huntington Beach, where California’s world-famous surf scene was born, is one of the Southland’s safest, most vibrant coastal villages. The Orange County Register recently named “Surf City USA” OC’s number one city to live in, while OC Parenting readers last year ranked it the county’s “best family beach.”
Some 195,000 people call Huntington Beach’s 26.4 [...]

A great client and friend of mine, Tom Johnson, just closed on a SUPER KILLER deal on a duplex in California Heights, Long Beach, CA.  It was a short sale that I was able to negotiate with Country Wide.

Short Sale Fact Sheet
Information Provided by the California Association of Realtors (CAR)
Introduction
Increasingly, lenders are making loans in amounts that become too difficult for borrowers to repay.  Some of these borrowers may not be able to fulfill their mortgage obligations.  When a borrower is no longer in a position to make the mortgage payments, is facing [...]

One of the most frustrating thing for a family or individual looking to move into their next home is having to wait months for the bank to make a decision on whether or not they are going to accept their short sale. This can be a torturous process for a family, especially if they are [...]

From my experience doing short sales in Los Angeles and Orange Counties, the following list are the ten most common deal killers for doing a short sale (in no particular order):

The seller lies about their assets and the bank finds out.
The seller disappears or becomes non-responsive toward the end of the short sale process. On [...]